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UFP Industries's quarterly cash and cash equivalents declined from Dec. 2023 ($1,118.33 Mil) to Mar. 2024 ($979.75 Mil) but then increased from Mar. 2024 ($979.75 Mil) to Jun. 2024 ($1,041.34 Mil).
UFP Industries's annual cash and cash equivalents increased from Dec. 2021 ($286.66 Mil) to Dec. 2022 ($559.40 Mil) and increased from Dec. 2022 ($559.40 Mil) to Dec. 2023 ($1,118.33 Mil).
The historical data trend for UFP Industries's Cash And Cash Equivalents can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
UFP Industries Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Cash And Cash Equivalents | Get a 7-Day Free Trial | 168.34 | 436.51 | 286.66 | 559.40 | 1,118.33 |
UFP Industries Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Cash And Cash Equivalents | Get a 7-Day Free Trial | 702.15 | 957.09 | 1,118.33 | 979.75 | 1,041.34 |
Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.
UFP Industries (NAS:UFPI) Cash And Cash Equivalents Explanation
A high number means either:
1) The company has competitive advantage generating lots of cash
2) Just sold a business or bonds (not necessarily good)
A low stockpile of cash usually means poor to mediocre economics.
There are 3 ways to create large cash reserve.
1) Sell new bonds or equity to public
2) Sell business or asset
3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)
When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.
Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.
Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.
Be Aware
Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.
Thank you for viewing the detailed overview of UFP Industries's Cash And Cash Equivalents provided by GuruFocus.com. Please click on the following links to see related term pages.
Patrick M. Benton | officer: XVP UFP Eastern Div - North | 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525 |
William G Currie | director | 2801 EAST BELTINE N E, GRAND RAPIDS MI 49505 |
Michael R Cole | officer: Chief Financial Officer | 2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525 |
Mary E Tuuk | director | 625 KENMOOR AVE SE, SUITE 301, GRAND RAPIDS MI 49456 |
Bruce A Merino | director | 3800 WEST CHAPMAN AVE, ORANGE CA 92868 |
David A. Tutas | officer: Vice President Legal & Secty | 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525 |
Matthew J Missad | director, officer: Chief Executive Officer | 2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525 |
Patrick M Webster | officer: Pres. and Chief Operating Off. | 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525 |
William Danny Schwartz | officer: Exec. VP, Operations Services | 2801 EAST BELTLINE AVE NE, GRAND RAPIDS MI 49525 |
Allen T Peters | officer: President, UFP Western Div | 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525 |
Benjamin J. Mclean | director | 2801 E BELTLINE AVE NE, GRAND RAPIDS MI 49525 |
Scott T Bravata | officer: Vice President Administration | 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525 |
Michael G. Wooldridge | director | 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525 |
Donald L James | officer: XVP National Sales | 2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525 |
Scott A Worthington | officer: President, UFP Industrial, LLC | 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525 |
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